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Senegal’s logistics tech startup Chargel raises $2.5M seed funding

TechCrunch

We realized that there were so many inefficiencies, and that the logistics sector in Senegal was so fragmented, but we felt that technology could help. In its next phase of growth, it is opening up its platform to more clients, as it had limited access to 10 companies. And that is how their logistics tech startup, Chargel , was born.

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Senegalese logistics and delivery company PAPS raises $4.5M led by 4DX Ventures and Orange

TechCrunch

PAPS , a Senegal-based logistics and delivery company, is filling this gap in its region by offering customers various logistics services. PAPS clients span a range of industries, such as banking, telecommunications and pharmaceuticals (Lo said that the company currently handles distribution for 70% of all pharmacies in Senegal).

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Sokowatch rebrands to Wasoko as it raises $125M Series B from Tiger Global and Avenir

TechCrunch

However, the recent entry into Ivory Coast and Senegal somewhat forced its hand. Yu believes Sokowatch is now ready for a rebrand as it enters its next growth phase — moving from an East African player to a pan-African one. Therefore, less competitive markets like Ivory Coast and Senegal present an enormous opportunity for Wasoko.

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Pangea to unlock diaspora remittances as funding source for African startups

TechCrunch

Remittances from abroad reached $45 billion in 2021, with Nigeria, Ghana, Kenya, Senegal and Zimbabwe leading the list of recipient countries. Norway’s Pangea Trust, through its equity crowdfunding platform Connect , is unlocking diaspora remittance inflows as funding source for early and growth-stage startups in Africa.

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500 Global, GIZ establish bootcamp for accelerators in Africa to help them define sustainable business models

TechCrunch

Fifteen accelerators from key tech hubs, including Uganda, Egypt, Ghana, South Africa, Senegal, Nigeria, Ivory Coast, Kenya, Rwanda, and Tanzania will participate in the program. We believe that the next phase of this evolution will be led by home-grown accelerators, like the ones joining BAM,” said Dieng.

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Kenyan insurtech startup Pula raises $6M Series A to derisk smallholder farmers across Africa

TechCrunch

They include Senegal, Ghana, Mali, Nigeria, Ethiopia, Madagascar, Tanzania, Kenya, Rwanda, Uganda, Zambia, Malawi and Mozambique. We are confident of Pula’s potential for growth in spite of the pandemic and look forward to partnering with them as they execute the next phase of their journey,” he said in a statement. million farmers.

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4DX Ventures and Flutterwave back Francophone Africa’s CinetPay in $2.4M round

TechCrunch

.” The Ivorian startup acts as an online and point-of-sale payment solution for merchants to process payment from more than 130 different payment operators — mobile-money, bank cards, wallets — in nine French-speaking African countries: Ivory Coast, Senegal, Cameroon, Mali, Burkina Faso, Togo, Congo, Guinea and Benin.